Former Iowa Gov. Tom Vilsack is expected to endorse the presidential candidacy of U.S. Sen. Hillary Clinton, a source close to the situation confirmed today.
Neither camp would speak for the record, but Clinton's aides said a "major announcement" would be made in Des Moines Monday morning.
Vilsack folded his campaign for the Democratic nomination last month, saying he could not raise enough money to compete with better-financed candidates. At the time, he indicated he would wait a while before deciding whether to make an endorsement. [..]
Schmidt said Vilsack might be angling for an appointment as vice president or a cabinet member if Clinton wins the presidency. The professor likened the endorsement game to investing. If you want to land a big return, you invest early, he said.